Cover	12 Months Ended
Cover	Dec. 31, 2023
Document Information [Line Items]
Document Type	DEF 14A
Amendment Flag	false
Entity Information [Line Items]
Entity Registrant Name	Offerpad Solutions Inc.
Entity Central Index Key	0001825024

Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay Versus Performance Table

The following table sets forth information concerning the compensation of our NEOs for each of the fiscal years ended December 31, 2021, 2022 and 2023, and our financial performance for each such fiscal year:


										Value of Initial Fixed $100 Investment Based on:
Year	Summary Compensation Table Total for PEO ($)		Compensation Actually Paid to PEO ($)(1)(2)		Average Summary Compensation Table Total for Non-PEO NEOs ($)		Average Compensation Actually Paid to Non-PEO NEOs ($)(1)(2)			Total Shareholder Return ($)		Peer Group Total Shareholder Return ($)(3)		Net Income (Loss) (thousands) ($)			Adjusted EBITDA (thousands) ($)(4)
2023		1,775,885		2,244,387		956,946		415,663			7.77		92.30		(117,218	)		(82,387	)
2022		7,830,078		990,131		1,356,913		(5,286,494	)		5.23		68.36		(148,613	)		(103,796	)
2021		783,689		15,051,082		652,061		5,856,732			72.72		98.95		6,460			29,910

(1)	Amounts represent compensation actually paid to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year:


Year	PEO	Non-PEO NEOs
2023	Brian Bair	Michael Burnett, Jawad Ahsan, Benjamin Aronovitch and James Grout
2022	Brian Bair	Michael Burnett, Benjamin Aronovitch and Stephen Johnson
2021	Brian Bair	Michael Burnett, Benjamin Aronovitch and Stephen Johnson

Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for 2023, as adjusted as follows:

2023

Adjustments

PEO

($)

Average

Non-PEO

NEOs

($)

Deduction for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table for 2023

(1,117,640

)

(763,470

)

Increase based on ASC 718 Fair Value of Awards Granted during 2023 that Remain Unvested as of 2023 FY End, determined as of 2023 FY End

1,533,870

213,768

Increase based on ASC 718 Fair Value of Awards Granted during 2023 that Vested during 2023, determined as of Vesting Date

–

Increase for Awards Granted during Prior FY that were Outstanding and Unvested as of 2023 FY End, determined based on change in ASC 718 Fair Value from Prior FY End to 2023 FY End

14,970

27,134

Increase for Awards Granted during Prior FY that Vested During 2023, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date

37,302

21,341

Deduction of ASC 718 Fair Value of Awards Granted during Prior FY that were Forfeited during 2023, determined as of Prior FY End

–

(40,056

)

Increase based on Dividends or Other Earnings Paid during 2023 prior to Vesting Date

–

Increase based on Incremental Fair Value of Options/SARs Modified during 2023

–

Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the Summary Compensation Table for 2023

–

Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans

–

TOTAL ADJUSTMENTS

468,502

(541,283

)

(2)

Fair value or change in fair value, as applicable, of equity awards in the “Compensation Actually Paid” columns was determined by reference to (i) for solely service-vesting RSU awards, the closing price per share on the applicable

year-end

date(s) or, in the case of vesting dates, the closing price per share on the applicable vesting date(s); (ii) for market-based awards, the fair value calculated by a Monte Carlo simulation model as of the applicable

year-end

date(s), which utilizes multiple input variables to estimate the probability of satisfying the market condition established for the award, including the expected volatility of our stock price based on the historical

volatility of our stock price, a risk-free interest rate using the rate of return on U.S. treasury notes equal to the remaining contractual term of the award, and an expected dividend yield of 0% and (iii) for stock options, a Black Scholes value as of the applicable

year-end

or vesting date(s), determined based on the same methodology as used to determine grant date fair value but using updated assumptions as of the revaluation date. We provide information regarding the assumptions used to calculate the valuation of the award in Notes 1 and 12 to the consolidated financial statements included in the Annual Report on Form

10-K

filed on February 27, 2024.

(3)	For the relevant fiscal year, represents the cumulative TSR (the “Peer Group TSR”) of the NASDAQ Real Estate and Other Financial Services Index (the “Peer Group”), through December 31, 2021, 2022 and 2023, assuming a $100 investment on September 1, 2021.

(4)

Adjusted EBITDA is a

non-U.S.

generally accepted accounting principle financial measure, which our management team uses to assess our underlying financial performance. For additional information regarding how Adjusted EBITDA is calculated, please see the section titled “

Cash Incentive Compensation

” in the CD&A above.

Company Selected Measure Name

Adjusted EBITDA

Named Executive Officers, Footnote

(1)	Amounts represent compensation actually paid to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year:


Year	PEO	Non-PEO NEOs
2023	Brian Bair	Michael Burnett, Jawad Ahsan, Benjamin Aronovitch and James Grout
2022	Brian Bair	Michael Burnett, Benjamin Aronovitch and Stephen Johnson
2021	Brian Bair	Michael Burnett, Benjamin Aronovitch and Stephen Johnson

Peer Group Issuers, Footnote

For the relevant fiscal year, represents the cumulative TSR (the “Peer Group TSR”) of the NASDAQ Real Estate and Other Financial Services Index (the “Peer Group”), through December 31, 2021, 2022 and 2023, assuming a $100 investment on September 1, 2021.

PEO Total Compensation Amount

$ 1,775,885

$ 7,830,078

$ 783,689

PEO Actually Paid Compensation Amount

$ 2,244,387

990,131

15,051,082

Adjustment To PEO Compensation, Footnote

Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for 2023, as adjusted as follows:

2023

Adjustments

PEO

($)

Average

Non-PEO

NEOs

($)

Deduction for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table for 2023

(1,117,640

)

(763,470

)

Increase based on ASC 718 Fair Value of Awards Granted during 2023 that Remain Unvested as of 2023 FY End, determined as of 2023 FY End

1,533,870

213,768

Increase based on ASC 718 Fair Value of Awards Granted during 2023 that Vested during 2023, determined as of Vesting Date

–

Increase for Awards Granted during Prior FY that were Outstanding and Unvested as of 2023 FY End, determined based on change in ASC 718 Fair Value from Prior FY End to 2023 FY End

14,970

27,134

Increase for Awards Granted during Prior FY that Vested During 2023, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date

37,302

21,341

Deduction of ASC 718 Fair Value of Awards Granted during Prior FY that were Forfeited during 2023, determined as of Prior FY End

–

(40,056

)

Increase based on Dividends or Other Earnings Paid during 2023 prior to Vesting Date

–

Increase based on Incremental Fair Value of Options/SARs Modified during 2023

–

Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the Summary Compensation Table for 2023

–

Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans

–

TOTAL ADJUSTMENTS

468,502

(541,283

)

Non-PEO NEO Average Total Compensation Amount

$ 956,946

1,356,913

652,061

Non-PEO NEO Average Compensation Actually Paid Amount

$ 415,663

(5,286,494)

5,856,732

Adjustment to Non-PEO NEO Compensation Footnote

Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for 2023, as adjusted as follows:

2023

Adjustments

PEO

($)

Average

Non-PEO

NEOs

($)

Deduction for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table for 2023

(1,117,640

)

(763,470

)

Increase based on ASC 718 Fair Value of Awards Granted during 2023 that Remain Unvested as of 2023 FY End, determined as of 2023 FY End

1,533,870

213,768

Increase based on ASC 718 Fair Value of Awards Granted during 2023 that Vested during 2023, determined as of Vesting Date

–

Increase for Awards Granted during Prior FY that were Outstanding and Unvested as of 2023 FY End, determined based on change in ASC 718 Fair Value from Prior FY End to 2023 FY End

14,970

27,134

Increase for Awards Granted during Prior FY that Vested During 2023, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date

37,302

21,341

Deduction of ASC 718 Fair Value of Awards Granted during Prior FY that were Forfeited during 2023, determined as of Prior FY End

–

(40,056

)

Increase based on Dividends or Other Earnings Paid during 2023 prior to Vesting Date

–

Increase based on Incremental Fair Value of Options/SARs Modified during 2023

–

Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the Summary Compensation Table for 2023

–

Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans

–

TOTAL ADJUSTMENTS

468,502

(541,283

)

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

Tabular List, Table

Pay Versus Performance Tabular List

We believe the following performance measures represent the most important financial performance measures used by us to link compensation actually paid to our NEOs for the fiscal year ended December 31, 2023:

•

Revenue;

•

Adjusted EBITDA; and

•

Stock price.

Total Shareholder Return Amount

$ 7.77

5.23

72.72

Peer Group Total Shareholder Return Amount

92.3